Greenlane Renewables Inc T.GRN

Alternate Symbol(s): GRNWF

Energy Technology

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, renewable natural gas from organic-waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as commercial vehicle fuel. The biogas upgrading systems, marketed and sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is engaged in deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. It has delivered over 145 biogas upgrading systems into 19 countries and over 160 biogas desulfurization units.

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Greenlane Renewables Inc

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Comment by Canadian_101on Apr 29, 2020 7:30am

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Post# 30965076

RE:FS 2019 are out - check SEDAR

As we move forward I think you will see that the companies bottom line will improve significantly, lots of good things ahead for Greenlane in the next couple of years, glad to own and will continue to buy shares in the future.

Here is what gets me excited about future prospects.

Order backlog: As at December 31, 2019, the Company reports a $16.2 million order backlog, expected to be recognized in revenue through 2020 and beyond (see note 1 below), which represents a growth of over 50% from $10.7 million recorded as at June 30th.
Substantial increase in sales pipeline: Valued at over $680 million as at December 31, 2019, representing an increase of over 50% from $450 million as at January 1, 2019 (see note 2 below).
Management believes that the industry is at an inflection point. Internal estimates based on various market statistics and industry publications suggest that reaching 5% RNG content in the North American gas distribution network alone could represent approximately US$18 billion in biogas upgrading equipment sales.